http://www.peopleandpicks.com/ en-us http://peopleandpicks.com/blog/JoeCole/3625707/CongressFed-Sell-gold/ Contrary to popular belief, the US does have a gold reserve. As of December 2010, 8133.5 tonnes of it (according to wikipedia, which they claim to source the World Gold Council). How much is this in dollar terms? Well, considering that at a price of $1500 per ounce, one tonne = $48.22 million, so... buku. How many tonnes would the US have to sell at $1500 to raise $1 trillion? Well, you do the math. Keep in mind that gold has virtually no purpose, other than the psychological purpose of having value, and we have the most of it. Worth less I say. Gold has value because it is gold. Anyway, the US is far beyond the next largest holder of gold, Germany, which has about 3400 tonnes of reserves. Subtract 3400 from 8100 or so (give or take). The US could sell up to that much and still be the 'leader' in holding more gold than the next guy, unless of course Germany is the one to buy all that gold. Good on em I say, who cares about gold, it adds nothing to production.... Mon, 25 Jul 2011 22:09:12 http://peopleandpicks.com/blog/JoeCole/3610409/SP-500/ On the bearish side of the market, I think the S&P 500 should continue to decline with a possible support level at $1,200. Not to say that it will when it is currently at $1,313. The only reason I think that is because the 30-month moving average is currently at  $1,113.56 and increasing, which puts the S&P 500 200 points above this average. In a bull market, the S&P 500 usually finds support within 60 points above its 30-month average, and bull market highs do not normally reach more than $200 above the 30-month average. The S&P's 2009 low of $666 was about 50% lower than its 30-month MA, which was at about $1,300 (ironically about where we are now). So in a bear market, the market can reach significantly below this average. In other words, risk appears to remain to the downside right now for the short term.... Tue, 12 Jul 2011 19:04:36 http://peopleandpicks.com/blog/JoeCole/3599180/Buy-more-gold-please/ So which gold stock sells off the most over the next couple of years? I'm shtinkin maybe Rangold - GOLD. Thu, 23 Jun 2011 23:42:45